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    #41
    Not a chance if many are willing to let it go for $599 or less.

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      #42
      Not a chance if many are willing to let it go for $599 or less.

      It only a dollar or so less than $600; isn't it?

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        #43
        Has anyone seen the latest soil moisture maps for South America? Current conditions are a disaster and the next 14 days are even worse! Expert commentary at the Chicago Mercantile Exchange early in September reflected deep and almost desperate supply concerns.
        Yet, traders and hedge fund managers seem to believe the opposite. Perhaps farmers on Boards like this one need to be careful in expressing glowing reports about individual field results. It may well be contributing to an irrational downward selling condition.

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          #44
          Nothing has changed except we are in the middle of US harvest and the buy side of the futures market has decided to back off (watch open interest). Something we do know is a big US export program to China is in place with execution the next stage. Is the US soybean supply demand tight? Yes. Do we know what the South American crop uncertain? Yes but very early in their cropping season. Window of planting October to January (double crop wheat). The inverse has been in market for a long time - a signal for market thinking.

          Place your bets and takes your chances.

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            #45
            I am worried that Israel and Iran start some nuclear warefare that spreads. I pray that this does not happen but after watching the Iranian President at the UN this week, I fear the worst.

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              #46
              Well, I am in a fix because I did not respect the technicals. Sept. 14, new high, closes lower, called an OOPS. Next day closes lower, you have 2 day confirmation a top is in. We should have sold with both hands. But I didn't because I did not trust the technicals. Shame on me.
              Now for the good news. We probably won't go to the old highs, but we shold bet a chance at a buck up from here. Lets face facts, lower grain prices do not encourage rationing, duh! When this market finally finds an intermediate bottom and starts going up to the classic retracement levels though, I will find courage.
              Signed, Rusty the Lion.

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